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Rupert Murdoch’s News Corp, 21st Century Fox eyes move to World Trade Center

Executive Chairman of News Corp and Chairman and CEO of 21st Century Fox Murdoch arrives on the red carpet during the second annual Breakthrough Prize Awards in Mountain ViewExecutive Chairman of News Corp and Chairman and CEO of 21st Century Fox Murdoch arrives on the red carpet during the second annual Breakthrough Prize Awards in Mountain View
Executive Chairman of News Corp and Chairman and CEO of 21st Century Fox Rupert Murdoch arrives on the red carpet during the second annual Breakthrough Prize Awards at the NASA Ames Research Center in Mountain View, California November 9, 2014. Photograph by Stephen Lam — Reuters

This post is in partnership with TheWrap. The article below was originally published at thewrap.com.

By Tony Maglio, TheWrap

Lower Manhattan may be adding some pretty wealthy tenants: Rupert Murdoch’s News Corp (NWSA) and 21st Century Fox are considering building an 88-story skyscraper at the World Trade Center site, The New York Times reported.

If the deal goes down, the new building would complete the reconstructing of the office complex, which was taken down by two airplanes on Sep. 11, 2011, during the most infamous terrorist attack on American soil.

News Corp and 21st Century Fox told TheWrap jointly: “21st Century Fox and News Corp are each exploring options for their New York headquarters and the process is ongoing.”

Site developer Silverstein Properties simply told TheWrap: “We cannot confirm or comment at this time.”

Of course, the big move would be big money and require big changes. The two companies would need more than cosmetic changes to the planned 2 World Trade Center — which is located at Vesey and Greenwich Streets. The companies want the base of the cruciform-shape tower with a diamond crown to accommodate their television studios, the Times wrote. The 3.1 million square foot facility has halted construction until it finds a tenant.

Should they move, the corporation’s media members may get lunch with some familiar faces: HarperCollins, the publishing division of News Corporation, is already in Lower Manhattan.

Still, Murdoch’s main brands have been looking to move. Mere months ago, the companies looked at — but ultimately passed on — the Related Companies’ Hudson Yards project on the Far West Side of Manhattan.

News Corp and 21st Century Fox (FOX) currently house their 4,000 employees in Midtown, at 1211 and 1185 Avenue of the Americas. The Port Authority owns the World Trade Center site and is working with Larry Silverstein’s company on its development.

TheWrap’s request for comment from the Port Authority in New York and New Jersey was not immediately returned.

Other media organizations, such as Condé Nast, The Daily News, Time Inc. (TIME) and McGraw-Hill are already located at the former financial site.

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